Lyle Radke. That was easy research.
https://www.housingwire.com/articles/fannie-mae-official-questions-purpose-of-amcs/

Radke sees a lot of opportunity to make valuations more reproducible. “A lot of appraisers will tell you that what they do is an art form. And what they mean by that, is that it’s hard for them to explain rigorously exactly what they’re doing. And I don’t mean that in a disparaging way, but it’s just, there’s a lot of experience and intuition that goes into it, right. A problem with that is it’s hard to reproduce. And it’s hard to critique,”

Well… Great representation of the individual appraisers. Because there is no need for human interpretation of the subjective human decisions involved for all those buyers and sellers, corrupt to honest agents, lack of agency, lender pressure, amc middle management meddling and their pressures, etc, etc. What is going to bolster consumer protection is more automation. FNMA is in the business of protecting lenders. Protecting consumers and regular tax payers; not so much.

https://web.archive.org/web/20220714003924/https://www.asc.gov/Documents/AnnualReports/2021%20Annual%20Report.pdf

Related. Is that grounds to call the appraisal complaint hotline?

Because one of the things the ASC does (per the lengthy regulations posted in the later half of their report), or is supposed to be doing, is assuring that individual amc’s are following state based rules for amc’s. Obviously they’re not looking at this, per the stark differences between complaints put towards appraisers vs complaints put towards amc’s. Because everyone knows, just redirect all complaints to appraisers. The difference there is a clear reflection of the way amc’s scoot all their problems to the appraisers. The lesson for appraisers; work with amc’s, increase your liability exposure.

How many times have we been told our trainee can’t see a property and they have been to the pre-appraiser classes and have been in training under our supervision? Yet now they want a non-appraiser to do inspections for us. We are also told to give them a room location. On top of that they don’t want to pay a reasonable fee (not that I would do one for any fee, if you do you may be kissing your license goodbye).

Speaking of fees if you take what VA has been charging for fees and add for the last few years the cost of living then the fees should be just over $600 per appraisal of a typical property, not waterfront of complex in any fashion.

So, if the board is allowing illegal appraisals how can they hold any appraiser to any other infractions or judgment against the appraiser? How can they keep telling us we must take the USPAP classes if they are condoning these illegal appraisals?

I have pasted on a comment that came from VCAP in the state of Virginia, I have permission to share this:

Desktop Appraisals

Virginia Statutes and Regulations are very clear the appraiser who signs the appraisal report must have complete direction and control over the appraisal.

As the Appraiser…
54.1-2009 Definition of appraisal
“Appraisal” means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate or identified real property. An appraisal may be classified by subject matter into either a valuation or analysis. A “valuation” is an estimate of the value of real estate or real property. An “analysis” is a study of real estate or real property other than estimating value. The term “appraiser” or “appraisal” may be used only by a person licensed or certified by the Board.

54.1-2011 Necessity for license
C. Notwithstanding subsections A and B of this section, an individual who is not a licensed residential real estate appraiser, a certified residential real estate appraiser, or a certified general real estate appraiser may assist in the preparation of and sign an appraisal if:
1. The assistant is under the direct supervision of a licensed residential real estate appraiser, a certified residential real estate appraiser, or a certified general real estate appraiser; and…

18 VAC 130-20-180 Standards of professional practice.
C. Use of signature and electronic transmission of report.
1. The signing of an appraisal report or the transmittal of a report electronically shall indicate that the licensee has exercised complete direction and control over the appraisal. Therefore, no licensee shall sign or electronically transmit an appraisal which has been prepared by an unlicensed person unless such work was performed under the direction and supervision of the licensee in accordance with § 54.1-2011 of the Code of Virginia.

And if you are an appraisal management company soliciting these products…
18 VAC 130-30-160 Prohibited Acts
The following acts are prohibited and any violation may result in disciplinary action by the board:
1. Violating, inducing another to violate, or cooperating with others in violating any of the provisions of any of the regulations of the board or Chapter 20.2 (§ 54.1-2020 et seq.) of Title 54.1 of the Code of Virginia, or engaging in any acts enumerated in § 54.1-111 of the Code of Virginia.

It is noted that the state of Maryland has warned appraiser that they are 100% responsible for all the information in their appraisal.

In one class I literally watched an appraiser right in front of me down a foot or two in the auditorium type class with raised seating do just that. He had a tablet and click and auto fill through reports like lightning speed. Did not bother with any unique writing, just auto data import, generic prefill language, applied static adjustment basis, and was on to the next one. I think he completed about 4 appraisal write ups during a single uspap class. He was bragging about getting all the amc work. That is a true story.

When you’re constantly changing minutia for no good reason other than some one some where being possibly confused…. They don’t even bother to ask the appraiser if there may be dimensia issues, they just clarify and re write. How to CYA with the volunteer group.

It’s a similar situation why big corporate injection in public school merely results in more commercial exposure and less quality education. Training a future generation of subservient and compliant consumers. Conflicting motivations and conflicts of interest.

Show me the appraiser CE class which specifically deals with actually reading all relevant legislative guidance. You’d get all your hours in a single class and would have only read one guidance document front to back. Or how about ethical billing practices as accepted in the larger business industry. Perhaps situational examples of how people take advantage of non profit status for exceptional profits. We simply can’t have a how to defend yourself from corrupt corporate business interests, or appraisers may wake up to what’s happening in front of their very eyes. Under no circumstances will we be learning about how government interjection makes things worse not better.

This: https://appraisersblogs.com/scofflaw-us-agency-taps-states-4-its-backchannel-budget

Thank you.

Answer: It didn’t

More liability = higher fees. Logical. Have to pay for speed!

https://www.appraisalfoundation.org/imis/TAF/About_Us/Sponsors/TAF/TAF_Sponsors.aspx

My take on that, what a bargain for all these companies looking to replace human appraisers with technical services industry products. Irony that the appraisal foundation group seems to be willing to incorporate technical services and lenders, forgo individual licensing. How seats are filled is key, and hint, you and I don’t get a vote. Sort of explains everything, desktops is just one faucet of a complete industry take over. Lets look at more tax returns of these non profits.

https://projects.propublica.org/nonprofits/organizations/232493621

https://www.causeiq.com/organizations/appraisal-foundation,232493621/

Turns out ‘not for profit’, provides peak salaries. Pg 9 publication revenue; $3,916,591. There is that cosmic cobra again. Pg 11 investments; publicly traded securities; $4.488m. Can we get a list of what those are specifically?

Appraisal institute chapters if you’d care to look at those too.

https://projects.propublica.org/nonprofits/search?utf8=%E2%9C%93&q=appraisal+institute&state%5Bid%5D=&ntee%5Bid%5D=&c_code%5Bid%5D=

Tell me all these millions flowing through yearly and they can’t make one ounce of progress to protect you and me from predatory interests and false accusations. No representation would be better than this. Don’t forget to buy the book!